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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended
Jan. 26, 2022
Mar. 31, 2022
Mar. 31, 2023
Income Statement [Abstract]      
Revenue $ 52,712 $ 166,108 $ 167,854
Operating expenses:      
Cost of revenue (excluding depreciation and amortization) 41,507 120,384 120,402
Salaries and benefits 31,181 48,198 38,398
Selling, general, and administrative 15,665 15,088 17,172
Depreciation and amortization 1,000 21,928 29,374
Total operating expenses 89,353 205,598 205,346
Operating loss (36,641) (39,490) (37,492)
Other expense:      
Interest expense, net 1,049 4,776 11,451
Change in fair value of warrant liabilities 0 13,761 (1,409)
Total other expense 1,049 18,537 10,042
Loss before income tax (37,690) (58,027) (47,534)
Income tax benefit (629) (14,649) (4,408)
Net loss (37,061) (43,378) (43,126)
Net loss attributable to non-controlling interest 0 (7,309) (9,174)
Net loss attributable to System1, Inc. $ (37,061) $ (36,069) $ (33,952)
Basic net loss per share (in dollars per share)   $ (0.44) $ (0.37)
Diluted net loss per share (in dollars per share)   $ (0.44) $ (0.37)
Weighted average number of shares outstanding - basic (in shares)   82,708 92,460
Weighted average number of shares outstanding - diluted (in shares)   82,708 92,460
Basic net loss per unit (in dollars per share) $ (1.81)    
Diluted net loss per unit (in dollars per share) $ (1.81)    
Weighted average units outstanding - basic (in shares) 20,488    
Weighted average units outstanding - diluted (in shares) 20,488